While the rest of us are arguing about Sgt. Bergdahl, President Obama is sneaking through another presidential decree.

This one has to do with student loan forgiveness — a nice little gift to a constituency that the president wants to turn out on election day next November.

Businessweek reports:

U.S. President Barack Obama will move tomorrow to ease monthly payments for people with student loans, according to a White House official.

Obama, in executive action coordinated with a legislative push by Senate Democrats, will direct the Department of Education to expand the number of people who can take advantage of a law capping payments on federal direct loans to no more than 10 percent of their monthly incomes.

“I’ve heard from too many young people who are frustrated that they’ve done everything they were supposed to do — and now they’re paying the price,” Obama said yesterday in his weekly address....

Not crying. Angry.The student loan industry is the next financial bubble to burst.Meaning I and every other working American will be forced by our unconstitutional government to bailout the irresponsible within our society...yet again.

My God. Now the country's problems are the result of young people not paying their student loans back fast enough. You guys are getting further down the totem pole. You know, I think there may be some junior high school kids who have air conditioning in their school. Maybe you can organize against them next.

My God. Now the country's problems are the result of young people not paying their student loans back fast enough. You guys are getting further down the totem pole. You know, I think there may be some junior high school kids who have air conditioning in their school. Maybe you can organize against them next.

Obama claims the problem.

you best inform yourself.

is it not Obama with his pen saving all these people from loans they voluntarily took out.

if Obama erased business loan they could hire, so why not with the same stroke of the pen forgive every loan every person has?

<quoted text>Obama claims the problem.you best inform yourself.is it not Obama with his pen saving all these people from loans they voluntarily took out.if Obama erased business loan they could hire, so why not with the same stroke of the pen forgive every loan every person has?

Yeah -- what an absolute DISCGRACE that Obama is doing exactly what all Presidents are supposed to do by Executive order:GWB total second term Executive Orders: 118Reagan second term Executive Orders: 168Clinton second term: 164OBAMA's second term total (as of today): 21He's just overreaching at every turn isn't he????http://www.presidency.ucsb.edu/data/orders.ph...

Wrong. Presidents are not authorized to act unconstitutionally.

...Michael Boldin of the nation’s Tenth Amendment Center explained how the system works.

“In Article I Section I of the Constitution we learn that all legislative powers reside in Congress. The executive branch has the responsibility to execute the laws passed by Congress. An executive order is not legislation. It is an order issued by the president to enforce laws passed by Congress. This is backed by the declaration that the president ‘take care that the laws be faithfully executed’ made in Article II, Section 3, Clause 5. Thus, executive orders can only be used to carry out the will of Congress (which is only supposed to be passing laws in line with the Constitution), and not to issue new policy.”

Thompson said that’s not the way reality has been playing out lately.

He said some of Obama’s orders appear to be flagrantly unconstitutional, but because it’s a presidential order, it is followed unless some individual or group challenges it and wins....

Some 58% of the jobs created during the recent economic recovery have been low-wage positions like retail and food prep workers, according to a 2012 NELP report. These low-wage jobs had a median hourly wage of $13.83 or less.

"Repayment caps such as those offered through income-based repayment and other policies put no downward pressure on college prices. After all, why should colleges reduce tuition rates if the government keeps increasing student-loan subsidies? Making income-based repayment options even more generous will continue to enable universities to raise tuition and fees, confident that students will have access to a deep well of federal loans and grants, which will be paid-off through IBR and loan forgiveness on the backs of the taxpayers.

Moreover, such subsidies shift the responsibility of paying for college from the student, who directly benefits from attending college, to the taxpayer."

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